OverviewSuggest Edit

The Volvo Group is a company that manufactures trucks, buses, construction equipment as well as marine and industrial engines. It also provides financing, rental, preventive maintenance, and other related services. The company focuses on automation, material technology, electric vehicles, and other areas. The Volvo Group operates a range of brands, including Volvo, UD Trucks, Terex Trucks, Renault Trucks, Prevost, and more.
TypePublic
Founded1927
HQGöteborg, SE
Websitevolvogroup.com
Employee Ratings4.1

Latest Updates

Employees (est.) (Dec 2019)103,985(-1%)
Revenue (FY, 2019)KR432 B(+11%)
Share Price (Oct 2020)KR182.8 (+4%)
Cybersecurity ratingAMore

Key People/Management at Volvo Group

Martin Lundstedt

Martin Lundstedt

President and CEO
Jan Gurander

Jan Gurander

Deputy CEO
Diana Niu

Diana Niu

Executive Vice President Group Human Resources
Roger Alm

Roger Alm

Executive Vice President Volvo Group, President Volvo Trucks
Bruno Blin

Bruno Blin

Executive Vice President Volvo Group, President Renault Trucks
Sofia Frandberg

Sofia Frandberg

Executive Vice President Group Legal & Compliance and General Counsel
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Volvo Group Office Locations

Volvo Group has offices in Göteborg, Hagerstown, Wacol, Brussel and in 21 other locations
Göteborg, SE (HQ)
Gropegårdsgatan 2
Wacol, AU
36 Viking Dr
Brussel, BE
Luxemburgstraat 3
Gent, BE
Smalleheerweg 29
Gent, BE
Smalleheerweg 31
Sint-Agatha-Berchem, BE
Hunderenveldlaan 10
Show all (29)

Volvo Group Financials and Metrics

Volvo Group Revenue

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Volvo Group's revenue was reported to be kr431.98 b in FY, 2019 which is a 10.5% increase from the previous period.
SEK

Revenue (FY, 2019)

432.0b

Revenue growth (FY, 2018 - FY, 2019), %

10.5%

Gross profit (FY, 2019)

105.1b

Gross profit margin (FY, 2019), %

24.3%

Net income (FY, 2019)

36.5b

EBIT (FY, 2019)

49.5b

Market capitalization (16-Oct-2020)

371.5b

Closing stock price (16-Oct-2020)

182.8

Cash (31-Dec-2019)

61.5b

EV

467.8b
Volvo Group's current market capitalization is kr371.5 b.
Annual
SEKFY, 2017FY, 2018FY, 2019

Revenue

334.7b390.8b432.0b

Revenue growth, %

11%17%11%

Cost of goods sold

254.6b303.5b326.9b

Gross profit

80.2b87.4b105.1b
Quarterly
SEKQ1, 2017Q2, 2017Q3, 2017Q4, 2017Q1, 2018Q2, 2018Q3, 2018Q4, 2018Q1, 2019Q2, 2019Q3, 2019Q4, 2019

Revenue

77.4b88.4b77.2b91.7b89.1b103.6b92.3b105.8b107.2b120.7b98.7b105.4b

Cost of goods sold

57.8b67.0b59.0b70.8b67.8b78.2b69.8b87.7b80.5b91.1b74.5b80.8b

Gross profit

19.5b21.4b18.2b21.0b21.3b25.5b22.5b18.1b26.7b29.6b24.3b24.6b

Gross profit Margin, %

25%24%24%23%24%25%24%17%25%25%25%23%
Annual
SEKFY, 2017FY, 2018FY, 2019

Cash

36.1b46.9b61.5b

Accounts Receivable

40.8b41.9b37.7b

Inventories

52.7b65.8b56.6b

Current Assets

199.0b234.7b282.2b
Quarterly
Annual
SEKFY, 2017FY, 2018FY, 2019

Depreciation and Amortization

18.4b20.6b6.1b

Inventories

(7.5b)(12.4b)5.0b

Accounts Payable

11.1b5.9b(3.3b)

Cash From Operating Activities

37.6b31.2b39.0b
Quarterly
SEKQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Depreciation and Amortization

4.2b8.4b12.5b4.2b9.3b13.6b5.0b10.1b14.5b

Inventories

(4.5b)(6.8b)(8.0b)(6.7b)(11.2b)(13.8b)(6.0b)(3.3b)(1.2b)

Accounts Payable

2.0b7.4b3.6b4.8b7.9b516.0m3.3b3.8b(9.2b)

Cash From Operating Activities

8.6b19.9b22.1b3.0b12.2b15.6b1.9b12.8b18.3b
SEKQ1, 2017

Debt/Equity

1.4 x

Debt/Assets

0.3 x

Financial Leverage

4 x
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Volvo Group Operating Metrics

Q1, 2017Q2, 2017Q3, 2017Q4, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018Q4, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019Q4, 2019FY, 2019

Countries (Manufacturing Sites)

18 18 18

Markets

190 190 190

Units Delivered (Heavy-duty Trucks)

36.76 k44.08 k39.88 k51.24 k171.96 k43.75 k50.96 k46.13 k53.05 k193.89 k49.64 k56.24 k46.40 k46.21 k201.09 k

Units Delivered (Medium-duty Trucks)

3.55 k3.76 k3.31 k3.71 k14.33 k3.52 k3.85 k2.91 k3.79 k14.07 k3.34 k3.38 k2.69 k3.18 k12.70 k
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Volvo Group Acquisitions / Subsidiaries

Company NameDateDeal Size
AB Volvo Penta
JSC Volvo Vostok
Kommersiella Fordon Europa AB
Sotrof AB
UD Trucks Corporation
VFS Int Romania Leasing Operational
VFS Latvia SIA
VFS Servizi Financiari Spa
VNA Holding Inc.
Volvo Automotive Finance (China) Ltd.
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Volvo Group Cybersecurity Score

Cybersecurity ratingPremium dataset

A

91/100

SecurityScorecard logo

Volvo Group Revenue Breakdown

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Volvo Group revenue breakdown by business segment: 8.6% from Buses, 76.8% from Trucks and 14.5% from Other

Volvo Group revenue breakdown by geographic segment: 6.0% from Africa and Oceania, 37.9% from Europe, 7.2% from South America, 18.5% from Asia and 30.4% from North America

Volvo Group Online and Social Media Presence

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Volvo Group News and Updates

Volvo Group - the third quarter 2020

GOTHENBURG, Sweden, Oct. 16, 2020 /PRNewswire/ -- "In Q3, utilization of trucks and machines gradually improved as COVID-19 restrictions were eased. Towards the end of the quarter transport activity was back on roughly the same level as a year ago in most markets. This led to an improved...

Invitation to the Volvo Group report on the third quarter 2020

GÖTEBORG, Sweden, Oct. 6, 2020 /PRNewswire/ -- The Volvo Group report for the third quarter 2020 will be published on October 20, 2020, at 7.20 a.m. CEST. There will be a conference call for press and analysts starting at 9.00 a.m. CEST. An online presentation of the report, followed by a...

Volvo Trucks reports increased interest in LNG and bio-LNG

Hauliers and transport buyers are increasingly interested in reducing their carbon dioxide (CO2) emissions and costs through the use of refrigerated liquefied gas as a fuel. As a result, the new Volvo FH and Volvo FM trucks will have engines that run on liquefied natural gas (LNG) and biogas, offeri…

Kuehne+Nagel selects Volvo to supply first dedicated gas trucks

Global logistics provider Kuehne+Nagel has put eight new Volvo FH Globetrotter LNG (Liquified Natural Gas) tractor units into 24/7 operation on two major contracts with Whitbread and Costa, as part of a drive to reduce emissions and improve the sustainability of its transport operations.

NFI begins piloting Volvo VNR Electric heavy-duty trucks in Southern California

Volvo Trucks North America announced today that third-party supply chain solutions provider NFI began piloting two Volvo VNR Electric trucks as part of the Volvo LIGHTS (Low Impact Green Heavy Transport Solutions) project, becoming the third company to deploy its battery-electric trucks. The Volvo V…

Mack LR Electric to begin production in 2021

Volvo Group’s American subsidiary Mack Trucks today announced plans to commercialize the Mack LR Electric, its revolutionary refuse model equipped with a fully electric integrated Mack drivetrain. Orders for the Mack LR Electric will open in Q4 2020, with deliveries beginning in 2021.
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Volvo Group Blogs

Marcio Pedroso new member of Volvo Group Management

Marcio Pedroso has been appointed as a new member of Volvo Group Management and President Volvo Financial Services, the Volvo Group business area for financial solutions

Volvo’s bus plant in Borås solely powered by renewable energy

Volvo’s bus plant in Borås has now become one of the first bus production facilities that relies solely on renewable energy.

Volvo Trucks launches new generation of heavy-duty trucks with the driver in focus

Volvo Trucks is introducing four new trucks, with a strong focus on the driver environment, safety and productivity

Kurt Jofs proposed as new Board member of AB Volvo

Press information from AB Volvo’s Election Committee The Election Committee of AB Volvo proposes that Kurt Jofs be elected as new Board member at the Annual General Meeting on April 8, 2020

AB Volvo publishes Annual and Sustainability Report 2019

Volvo Group today published the Annual and Sustainability Report 2019 on www

The Volvo Group part of Swedish-Indian collaboration for increased traffic safety

More than 150,000 traffic-related fatalities occur annually in India
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Volvo Group Frequently Asked Questions

  • When was Volvo Group founded?

    Volvo Group was founded in 1927.

  • Who are Volvo Group key executives?

    Volvo Group's key executives are Martin Lundstedt, Jan Gurander and Diana Niu.

  • How many employees does Volvo Group have?

    Volvo Group has 103,985 employees.

  • What is Volvo Group revenue?

    Latest Volvo Group annual revenue is kr432 b.

  • What is Volvo Group revenue per employee?

    Latest Volvo Group revenue per employee is kr4.2 m.

  • Who are Volvo Group competitors?

    Competitors of Volvo Group include Penske Automotive Group, Navistar and MAN.

  • Where is Volvo Group headquarters?

    Volvo Group headquarters is located at Gropegårdsgatan 2, Göteborg.

  • Where are Volvo Group offices?

    Volvo Group has offices in Göteborg, Hagerstown, Wacol, Brussel and in 21 other locations.

  • How many offices does Volvo Group have?

    Volvo Group has 29 offices.